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City Backs Deal for CCS Technology to Save New Mexico Coal Plant

August 19, 2019 admin acme equities, Coal, farmington, farmington electric utility, hedge fund, Legal & Regulatory, NEW MEXICO, news, pnm, public service co. of new mexico, san juan generating station, Technology

Credit to Author: Darrell Proctor| Date: Mon, 19 Aug 2019 17:50:33 +0000

The Farmington, New Mexico, city council on Aug. 15 unanimously approved a deal to transfer 95% of the ownership interest of the coal-fired San Juan Generating Station (SJGS) to Enchant Energy, a company run by executives of a New York-based hedge fund that wants to utilize what it calls “state-of-the-art environmental technology” to capture carbon […]

The post City Backs Deal for CCS Technology to Save New Mexico Coal Plant appeared first on POWER Magazine.

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Carbon Capture Proposed to Save New Mexico Coal Plant

March 3, 2019 admin acme equities, Business, carbon capture and sequestration, CCS, Coal, farmington, Legal & Regulatory, Legislative, NEW MEXICO, news, pnm, public service co. of new mexico, san juan generating station

Credit to Author: Darrell Proctor| Date: Sun, 03 Mar 2019 18:43:20 +0000

The New York-based hedge fund aiming to take over New Mexico’s San Juan Generating Station (SJGS), targeted for closure by state lawmakers, wants to refit the 46-year-old, coal-fired plant to use carbon capture and sequestration (CCS) technology. Acme Equities LLC said last week that retrofitting the 847-MW plant with CCS technology would cut carbon emissions […]

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Groups Reach Deal to Keep New Mexico Coal Plant Open

February 24, 2019 admin acme equities, Business, California, Coal, farmington, four corners economic development, Legal & Regulatory, NEW MEXICO, news, public service co. of new mexico, Renewables, san juan generating station

Credit to Author: Darrell Proctor| Date: Sun, 24 Feb 2019 18:30:22 +0000

A private New York-based real estate investment company that focuses on North American energy projects has reached an agreement with officials in Farmington, New Mexico, to keep the coal-fired San Juan Generating Station open beyond 2022. The city is part-owner of the 847-MW plant, and the other owners—which include Tucson Electric Power, Los Alamos County, […]

The post Groups Reach Deal to Keep New Mexico Coal Plant Open appeared first on POWER Magazine.